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thousands of defense contracting jobs will be on the chopping block. nought administration is trying to delay that from going out. the white house wants contractors to delay sending out lay off notices that. would be job cuts, basically? >> right, harris, 60 days before january 2nd will be days before the election and lay off notices could go out. the administration said this deal could be struck and the cuts may not happen and no need to send them out and if you as a defense contractor gets sue the federal government will cover your costs. >> incredibly dangerous precedent and outrageous concept and i will do everything in my power to make sure not one penny of taxpayer money is used toy are imburse a private contractor from fulfilling the the letters were sent to 15 contractors and advising them to follow the law ask warn them they may put their cutches in legal and familiar jeopardy. >> that is it a tough spot for defense contractors to be in. they are stuck between the white house and. >> there is great tension. they worry about firing key people.
thousands of defense contracting jobs will be on the chopping block. nought administration is trying to delay that from going out. the white house wants contractors to delay sending out lay off notices that. would be job cuts, basically? >> right, harris, 60 days before january 2nd will be days before the election and lay off notices could go out. the administration said this deal could be struck and the cuts may not happen and no need to send them out and if you as a defense contractor...
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tonight, mitt romney calls out big bird before a national viewing audience, and pbs nation goes on the defensive. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. i knew it'd be tough on our retirement savings, especially in this economy. but with three kids, being home more really helped. man: so we went to fidelity. we talked about where we were and what we could do. we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. i took my son fishing every year. we had a great spot, not easy to find, but worth i
tonight, mitt romney calls out big bird before a national viewing audience, and pbs nation goes on the defensive. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever...
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the defense back quarterback kevin cobb nine times, the cardinals were one of three and beaten teams prior to last night's game. houston, texas and the atlantic falcon--falcons. connell: commodities today in the red after the jobs report. dagen: live from the floor of the cme. sandra: a lot of commodities in the red but stock markets in the green. we are wandering before talking to traders about whether they're buying into the unemployment dropped to those levels. what is your reaction to this report? >> it is bogus and what i am looking at is a thousand workers in the world out of one factory and hundred are unemployed. unemployment is 10%. the hundred workers went home the unemployment rate is 7%. participation rates people focus on is bogus. sandra: your looking at a drop of 7.8%? >> i would think i don't believe we are at 7.8% and obama came in and it is 7.9%. a little too coincidental. >> oil prices plunging. if this report was that good would be bullish and oil prices coming down and gold -- >> it failed to hold the moving average. a lot of shorts covered head of the number yes
the defense back quarterback kevin cobb nine times, the cardinals were one of three and beaten teams prior to last night's game. houston, texas and the atlantic falcon--falcons. connell: commodities today in the red after the jobs report. dagen: live from the floor of the cme. sandra: a lot of commodities in the red but stock markets in the green. we are wandering before talking to traders about whether they're buying into the unemployment dropped to those levels. what is your reaction to this...
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Oct 5, 2012
10/12
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budget, something the defense -- the defense bth is something mitt romney wants to increase, something they're not even asking for. >> that's right. he's asking for $2 trillion beyond what the pentagon has asked for and as smart as he and paul ryan are, they act like that's the answer to making sure we take care of veterans. as you know, the veterans piece of the pie is over here, the defense budget is over here. and the paul ryan budget, the romney/ryan budget would cut veterans affairs funding by $11 billion in the first year. look, we're a nation that has been in war for ten years, one of which will be our longest war, only less than 1% of our population is serving in those two wars. it seems as though mitt romney and paul ryan are more interested in making sure that 0.1% of our population gets a massive tax cut than making sure we honor our commitment to those who served in iraq and afghanistan over the last decade representing less than 1% of our population. it's a matter of values and what you value. look, these are honorable, decent men, but they seem to value making sure that t
budget, something the defense -- the defense bth is something mitt romney wants to increase, something they're not even asking for. >> that's right. he's asking for $2 trillion beyond what the pentagon has asked for and as smart as he and paul ryan are, they act like that's the answer to making sure we take care of veterans. as you know, the veterans piece of the pie is over here, the defense budget is over here. and the paul ryan budget, the romney/ryan budget would cut veterans affairs...
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new at 10:00 mitt romney defense is 47% comment about entitled americans. he says with a mistake to say it. he was completely wrong. we will play his comments in a moment. to the big board drop in the unemployment rate maybe has some impact on the market because it is up 61 points. thirteen-6 firmly above the level now. friday morning jogs day. here's the company ideally suited to address the subject. liz macdonald, charles payne, nicole petallides on the floor of the stock exchange. google, nicole. an all-time high. nicole: it continues to move higher and higher hitting this all-time high at 774. we are seeing internet tight stocks struggling but do will continue to take off. stuart: i don't know what is but well above $20 billion each. i shouldn't put you on the spot because i don't know how many billions but it is a lot of money. the big story of the day obviously is the jobs report. 114,000 new jobs created in september. that is anemic but the unemployment rate fell three points to 7.8%. you went through with this at 8:30 on the network. they don't add
new at 10:00 mitt romney defense is 47% comment about entitled americans. he says with a mistake to say it. he was completely wrong. we will play his comments in a moment. to the big board drop in the unemployment rate maybe has some impact on the market because it is up 61 points. thirteen-6 firmly above the level now. friday morning jogs day. here's the company ideally suited to address the subject. liz macdonald, charles payne, nicole petallides on the floor of the stock exchange. google,...
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Oct 5, 2012
10/12
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in the meantime, the rams defense is putting pressure on the cardinals quarterback kevin kolb, sacked nine times. rams win 17-3. >>> college football last night, usc quarterback matt barkley connects with tight end campbell on the 23-yard touchdown. he makes a nifty one-handed grab in the end zone. the trojans win 38-28. >>> the troubled tenure of boston red sox manager bobby valentine is over. the sox fired valentine. he was brought in to restore order to the clubhouse after last season's fried chicken and beer debacle but it did not work out. they were plagued by injuries this year and wound up with their worst record since 1965. valentine went biking after learning his fate. >> the ownership of this team is terrific. let me tell you, john henry flew up from florida to make sure he was here in person, you know, to be with me and us today. and, you know, tom and larry, no one cares more than them. and i think they're doing what they think is the right thing to do for the fans. because this wasn't acceptable. and i get that. >> baseball's playoffs begin today with the first ever wild
in the meantime, the rams defense is putting pressure on the cardinals quarterback kevin kolb, sacked nine times. rams win 17-3. >>> college football last night, usc quarterback matt barkley connects with tight end campbell on the 23-yard touchdown. he makes a nifty one-handed grab in the end zone. the trojans win 38-28. >>> the troubled tenure of boston red sox manager bobby valentine is over. the sox fired valentine. he was brought in to restore order to the clubhouse after...
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Oct 5, 2012
10/12
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, president obama's secretary of defense has described as a devastating impact it our national defense if this sequestration goes through. for the benefit of our viewers, it was a biproduct of the select committee that didn't succeed. and so this draconian cuts in both defense and nondefense is supposed to take place on the first of january. it would devastate our defense. we need the president to come and sit down with us. we have said, mr. president, come and lead. you are the commandener chief. that's your most important responsibility. please, sit down with us. we can avoid this sequestration, which could devastate the defense of our nation. we really have asked him to do that. and his response has been that he would do that if we agree to raise taxes to start with. that's not the way bill clinton negotiated. that's not the way -- that ronald reagan negotiated. that's know the way i have ever negotiated. >> greta: you imagine president clinton, his name came up twice with president obama, using him as an example. should he -- is that a fair comparison, comparing himself with presid
, president obama's secretary of defense has described as a devastating impact it our national defense if this sequestration goes through. for the benefit of our viewers, it was a biproduct of the select committee that didn't succeed. and so this draconian cuts in both defense and nondefense is supposed to take place on the first of january. it would devastate our defense. we need the president to come and sit down with us. we have said, mr. president, come and lead. you are the commandener...
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he got testy about being on defense. i think that came across to the american people. >> keeping them honest, it's hard to find evidence for that conclusion in our poll of people who watched the debate. 67% to 25%, they thought mr. romney won the debate. when asked who was more likeable, debate watchers gave the two candidates essentially equal marks. that's one piece of spin that doesn't quite pass the sniff test. decide for yourself if this one does from the campaign's ben lebold who suggested mitt romney last night was acting. >> it was performance art. he locked himself into some bad positions that he took during the republican primary, tax breaks for companies that ship jobs overseas, refusing to ask the wealthiest for a dime to reduce the deficit and those give us big openings to talk about on the campaign trail in key states in the weeks ahead. >> vice president biden, meantime, said his boss did a good job during a bright line between his policies and mitt romney's. >> i think the president did a wonderful job in
he got testy about being on defense. i think that came across to the american people. >> keeping them honest, it's hard to find evidence for that conclusion in our poll of people who watched the debate. 67% to 25%, they thought mr. romney won the debate. when asked who was more likeable, debate watchers gave the two candidates essentially equal marks. that's one piece of spin that doesn't quite pass the sniff test. decide for yourself if this one does from the campaign's ben lebold who...
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repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16 trillion in total. >> see him run his record. that is what he has done. lou: i want to understand something here. is there some way he doesn't run on his record? i'm sorry. >> for the last 20 muncie has been running and his record. lou: i'm not talking about that. i'm talking about right now. governor romney put him on his record, and that was his signature achievement. >> i promise you, what they will do, they're going to fire ever nuclear bomb they have. lou: had dirty. is that what you're saying? >> at the end of the day, the fact that the man stood on that stage and look presidential, performed at a high level, kept telling people is the econom
repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16 trillion in total. >> see him run his record....
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after a month of being on defense, he is on offense right now. and both campaigns expect the national polls to tighten. over the next several days. maybe see mitt romney go ahead. but here's the big question, diane. will you see the same kind of movement in these key battleground states, especially ohio, where president obama is ahead right now? these are the voters who get ads every day, who see the candidates every day. will they move in the same direction? that's the big question. >> so, over the next few days, how bad does the president think it was and what is he going to do? >> reporter: the president knows he lost last night. came out fighting today. he and his team know he's got to bring it in the next debate. he's got to answer mitt romney face-to-face. >> all right, george, thank you so much. and we have a footnote for everyone. you and i talked about it last night, about the star of last night's debate, who was not on the stage. we are talking big bird. as jake told us, under threat from governor romney of losing financing, a torrent o
after a month of being on defense, he is on offense right now. and both campaigns expect the national polls to tighten. over the next several days. maybe see mitt romney go ahead. but here's the big question, diane. will you see the same kind of movement in these key battleground states, especially ohio, where president obama is ahead right now? these are the voters who get ads every day, who see the candidates every day. will they move in the same direction? that's the big question. >>...
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Oct 4, 2012
10/12
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rather than this mush that they get it done without touching precious medicare, medicaid and precious defense. those people are phony. >>neil: do you think he is alone? think again. forget kicking the can down the road because the can is about to kit back. we have the executive director of "the can kicks back." you appear to be younger than the good senator but you share the same goal, right, to get hopping. >>guest: correct. we are an organization whose main goal is for a long-term comprehensive bipartisan deficit reduction goal. in our opinion that deal needs to have the millennium voice. if not, there will not be a deal we believe. >>neil: would the group be if their 20's? >>guest: between 18 and 32. >>neil: you telling them when it comes to entitlements, especially, we don't start addressing this, there will be nothing for any of us? >>guest: right. we are trying to connect the issue to their lives. we saying you need to hear about this because sometimes it is hard to tell people, here is what will happen 40 years down the road. what we are telling them, we are talking about lost opportun
rather than this mush that they get it done without touching precious medicare, medicaid and precious defense. those people are phony. >>neil: do you think he is alone? think again. forget kicking the can down the road because the can is about to kit back. we have the executive director of "the can kicks back." you appear to be younger than the good senator but you share the same goal, right, to get hopping. >>guest: correct. we are an organization whose main goal is for a...
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when you look at utilities and health care consumer staples, there's been tremendous bidding up of defensiveness in the face of this resilient move. we've actually positioned, in terms of mutual fund and separate accounts, back into bonds until this hesitation and corrective period ends. >> ron, you call this a romney rally today, don't you? >> i think there's going to be no way to get around it. that's the headline of the day. if you look at the in trade probabilities of who's likely to be elected, president obama last week or so peaked at a 76% probability. this morning, it was down to 66% probability. romney moved up 10 percentage points. dan loeb on facebook had put last week out a note that you ought to buy the romney futures because they were so depressed. i don't know how the money works in that thing, but he made ten points on the upside. >> wonder what the capital gains treatment is on that. >> that's a good question. >> rick santelli, i haven't even talked about march you draghi. he had an impact on the markets early on today, didn't he? >> he definitely did. if i look at interest rate
when you look at utilities and health care consumer staples, there's been tremendous bidding up of defensiveness in the face of this resilient move. we've actually positioned, in terms of mutual fund and separate accounts, back into bonds until this hesitation and corrective period ends. >> ron, you call this a romney rally today, don't you? >> i think there's going to be no way to get around it. that's the headline of the day. if you look at the in trade probabilities of who's...
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truly defensive companies. we feel you need a balance in your portfolio. ashley: it could set the tone for the markets. that tone could be pretty negative. i learned about that? >> well, so far all of the last ten quarters made even more corporate profits. or brett profits are slowing. that is where we are in the cycle right now. i think the real question is looking forward in 2013 as the fiscal cliff is adverted and congress and the president come to an agreement on a progrowth comprehensive tax reform then all gdp estimates, and corporate profits we accelerate north. tracy: about ten seconds, you think this rally is because of romney? >> i think a little bit to do with it. regardless of the outcome of the presidential election, as long as we have a split government and a split government will force either candidate to come to the table in terms of comprehensive tax reform. tracy: we hope. ashley: thank you so much for joining with us. the first two weeks canceled of the upcoming season for the national hockey league. the preseason was wiped out. now we a
truly defensive companies. we feel you need a balance in your portfolio. ashley: it could set the tone for the markets. that tone could be pretty negative. i learned about that? >> well, so far all of the last ten quarters made even more corporate profits. or brett profits are slowing. that is where we are in the cycle right now. i think the real question is looking forward in 2013 as the fiscal cliff is adverted and congress and the president come to an agreement on a progrowth...
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night, which is he can't pay for that $5 trillion tax cut for millionaires and billionaires, and raise defense spend dgz 2 trillion to a level the pentagon hasn't even asked for without raising taxes on middle class families. they're refusing to specify what deductions they'd eliminate to pay for it. >> now, there have been factual questions about what the president said last night about social security, about deficit reduction, he claimed $4 trillion deficit reduction. he's double counting, there's a gym nick there, according to the nonpartisan committee for responsible federal budget because he talks about the savings of $1 trillion from winding down the wars in iraq and afghanistan, which were deficit financed to begin with. both sides were fudging, and both sides are guilty of fuzzy math. but in terms of sheer performance, the president seemed to have left it in the locker room, did he not prepare well enough? >> well, listen, i don't think we viewed this as a steel cage match. our goal with last night for the president to lay out his plans to restore economic security for the middle class
night, which is he can't pay for that $5 trillion tax cut for millionaires and billionaires, and raise defense spend dgz 2 trillion to a level the pentagon hasn't even asked for without raising taxes on middle class families. they're refusing to specify what deductions they'd eliminate to pay for it. >> now, there have been factual questions about what the president said last night about social security, about deficit reduction, he claimed $4 trillion deficit reduction. he's double...
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although magic talking about the euro being invincible, on the defense right now. you have to keep an eye on heating oil because they are thy tight as well. the refinery fire in texas may have more of an impact on heating oil and diesel fuel than gasoline but old on fire right now, supplies to both are very tight and below average for this time. dennis: 15 past the hour, the worst bits of the performer. >> looking at dow components, 3m at the same time, these two companies were supposed to have a deal with concerns by regulators obviously putting this one to bed. looking at 3m and avery, we have the consumer products business about a month after the regulators have these concerns on the proposed deal, now 3m is dropping its effort to make that purchase, so we're seeing a very under pressure. tracy: thank you, we will see you soon. dennis: pictures of liz claman beginning her career in cleveland in 19 -- i will not even see the year -- say the year until where she is today. tracy: returning to her television roots for the live coverage of cleveland open for business
although magic talking about the euro being invincible, on the defense right now. you have to keep an eye on heating oil because they are thy tight as well. the refinery fire in texas may have more of an impact on heating oil and diesel fuel than gasoline but old on fire right now, supplies to both are very tight and below average for this time. dennis: 15 past the hour, the worst bits of the performer. >> looking at dow components, 3m at the same time, these two companies were supposed...
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Oct 4, 2012
10/12
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once again, this relentless defense and protection of the rich. and secondly, i think last night showed the american people and the middle class that mitt romney has a secret plan to eliminate the one tax deduction that keeps the middle class in their homes. and that's the deduction for mortgage interest and taxes. he says he's going to lower tax rates but eliminate corporate tax loopholes and personal tax loopholes. i think he has a secret plan to eliminate that tax critical to the middle class. >> do you think that's what viewers walked away thinking? >> i think they walked away thinking mitt romney would be a great used car salesman, but the policies he's articulating will get us right back into the mess that president obama has been working so hard to dig us out of. >> i suspect many walked away last night feeling a bit confused, maybe a bit bored by the technical language and lack of passion. and they are possibly asking the question around the world that many are, which is why can't these guys get together to hammer out a fiscal solution? be
once again, this relentless defense and protection of the rich. and secondly, i think last night showed the american people and the middle class that mitt romney has a secret plan to eliminate the one tax deduction that keeps the middle class in their homes. and that's the deduction for mortgage interest and taxes. he says he's going to lower tax rates but eliminate corporate tax loopholes and personal tax loopholes. i think he has a secret plan to eliminate that tax critical to the middle...
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you can't make a great defense of a record that's not been great. you can't communicate well things you have not delivered well. president obama has not had the four years he wanted to have. he had to talk about it and defend it tonight. he simply -- neil: what do you make, congressman, the argument, that the president is the champ; right? he survived without getting knocked down or knocked out certainly, the default goes to the champ. the champ regimely gets the decision. >> well, i don't know. i saw moments where it looked like he was on the canvas. when mitt romney was coming barks, and point by point saying, yes, you cut medicare -- neil: the five trillion, did you, you did not -- >> here's why it register. anyone on medicare knows the government does not give you a direct amount of money. the government reimburses the doctors. if the government cuts the money that reimburses your doctors, that's how the government cuts medicare. few understand that. neil: at the very least, you think mitt romney might have arrested what had been some losing mom
you can't make a great defense of a record that's not been great. you can't communicate well things you have not delivered well. president obama has not had the four years he wanted to have. he had to talk about it and defend it tonight. he simply -- neil: what do you make, congressman, the argument, that the president is the champ; right? he survived without getting knocked down or knocked out certainly, the default goes to the champ. the champ regimely gets the decision. >> well, i...
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he should answer question quickly to make the aggressive point* to put the president on the defense. lou: reasonably intelligent folks i believe could dance in this debate and me effectively brilliant. president obama, what is his greatest hazard? >> there are times with debates back in the democratic primary he comes off smug and seems condescending and patronizing. he is not a position to do that but it was in the year him. >> the think he will say like senator 2010 to find her likable enough? >> i don't think we will see him repeat that mistake. lou: the romney campaign says they will not bring up the 2007 speech want you think of their choice? >> it is interesting. the two different arguments obama uses we cannot be divisive to make an incendiary comments. but to look at the mainstream media types that say we were there and it makes you wonder about their judgment how did they cover it but not cover some much rhetoric? that is a harsh criticism to make for our like to think if i cover the speech at that time that would not only be in my story but it is significant to say that. >>
he should answer question quickly to make the aggressive point* to put the president on the defense. lou: reasonably intelligent folks i believe could dance in this debate and me effectively brilliant. president obama, what is his greatest hazard? >> there are times with debates back in the democratic primary he comes off smug and seems condescending and patronizing. he is not a position to do that but it was in the year him. >> the think he will say like senator 2010 to find her...
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defense? nondefense? safety net? where's it going to come from? >> i can't tell you where it's going to come from but i do believe it's going to be specific. i do know that the american people, regardless of the specifics on spending, i agree with the earlier comment that he's got to be specific on how he's going to create jobs. but relative to spending, the people sitting at their kitchen table, talking kitchen table economics know we cannot continue the spending, the run away spending like we've done in the last four years, $6 trillion. >> rick lazio, quickly, i want to ask you this on the way out. i have read the romney plan. i read all of it, whatever, how many pages. >> p he wants to take spending as a share of gdp down from 24% to 20%. >> which is where it was in 2007, by the way. >> in the first term, in the first four years. roughly, roughly on a cumulative basis, ilt close to $2 trillion below the growth now. in order, the growth is this and romney is going to lower the growth by nearly $2.trillion. >> now that's a great number. real fast
defense? nondefense? safety net? where's it going to come from? >> i can't tell you where it's going to come from but i do believe it's going to be specific. i do know that the american people, regardless of the specifics on spending, i agree with the earlier comment that he's got to be specific on how he's going to create jobs. but relative to spending, the people sitting at their kitchen table, talking kitchen table economics know we cannot continue the spending, the run away spending...
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he put barack obama on the defense where he should be given his horrific record on the economy and national security. i think he will do that and be tough with the president. i don't think the president will react well to that. i think that will be the key moment of the night. >> president obama and mitt romney will square off in two more debates, the next is october 16th in up state new york. paul ryan and vice president biden will have theirs next thursday. you can watch it here on nbc 4. coverage begins at 9:00. will you watch tonight's debate? i will. let us know on the news 4 today facebook page. >>> one of d.c. councilmembers o opponents are raising questions about a group he once ran. he wants the irs to audit the foundation. it lost its tax exempt status in 2010 because it hadn't filed tax returns for the previous three years. michael brown said he hadn't dealt with it since 2008. >>> the humane society is asking for your help for a dog that was stabbed. the 2-year-old dog was stabbed by her owner during a domestic dispute. she's recovering in a local hospital. cocoa will need exten
he put barack obama on the defense where he should be given his horrific record on the economy and national security. i think he will do that and be tough with the president. i don't think the president will react well to that. i think that will be the key moment of the night. >> president obama and mitt romney will square off in two more debates, the next is october 16th in up state new york. paul ryan and vice president biden will have theirs next thursday. you can watch it here on nbc...
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put the president on the defensive. >> let me bring in jason chaffitz from utah. the question about the 47%. we saw in our "wall street journal" poll. talk about things that make people feel one way or another about the candidate. this has had a very negative effect. this statement mitt romney made on the voting public, so how does he answer that question about the 47%? because to say that i want to be the president for the 100% clearly has not resognated. >> well, look, mitt romney was the very first person to say he wasn't very eloquent in the way he said that, but i think when he can look the president in the eye, the american people in the eye and say he's taking on this role and trying to become the president of the united states because he wants us all to succeed, people are going to have to judge for themselves. that's the mitt romney i know. that's why i think mitt romney's running. not to get the 1% to move ahead, but so that everybody can move ahead. create economic opportunity in this country. >> it does seem, based on the video and the video alone, the
put the president on the defensive. >> let me bring in jason chaffitz from utah. the question about the 47%. we saw in our "wall street journal" poll. talk about things that make people feel one way or another about the candidate. this has had a very negative effect. this statement mitt romney made on the voting public, so how does he answer that question about the 47%? because to say that i want to be the president for the 100% clearly has not resognated. >> well, look,...
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ashley: a lot of money still going into the defensive sectors. it seems to me they are not buying the qe3 par being thrown, still being conservative. >> and why should we? the upside for a number of these cyclical industries is quite limited compared to what else was three years ago. a great skepticism into all the seamless mesh is taking place overseas and secondly whether or not they will work so that global spending becomes enlightened. ashley: the euro zone debt crisis still not solved but maybe now buying the government bond, is china a bigger worry for a slowdown? clearly slowing down, that they have a big impact. >> chinese exports to europe have declined because of the recession in europe. youthe european union down 23% m a year ago. that hurts. the chinese government i am sure are feeling the same thing. china slowing down because of an earlier tightening of monetary policy meant to contain inflation in china and probably succeeded at containing inflation but in doing so also slowed domestic spending considerably. the worldeconomy suffer
ashley: a lot of money still going into the defensive sectors. it seems to me they are not buying the qe3 par being thrown, still being conservative. >> and why should we? the upside for a number of these cyclical industries is quite limited compared to what else was three years ago. a great skepticism into all the seamless mesh is taking place overseas and secondly whether or not they will work so that global spending becomes enlightened. ashley: the euro zone debt crisis still not...
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why the pink slips haven't gone out because of the defense cuts. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. >>> our kudlow caucus is still with us. i don't think i said that before. i apologize as always. let me begin with you on this point. the defense contract. i go to you because you are from virginia. they are going to get killed by the budget cut. the law says that the contractors have to send out pink
why the pink slips haven't gone out because of the defense cuts. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ feedback ] attention, well, everyone. you can now try snapshot from progressive...
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he has to keep obama on defensive. you say 93 percent of the people say they will watch the debates. they written. most people will hear the one linears and the outtakes. they say they will watch, but they will listen to what the main treaty media has. >>guest: mitt romney will go on the defensive, but he does not like to be interrupted which we saw during the republican debates he gets wooden and all over the place. what is worse, though, after he is interrupted, when he starts or tries the zingers he has been practices. do we remember in the republicans debate when he decided to bet form the last minute, $10,000, that was an off the cuff bet if that will not help with middle class americans. >> if there are one liners, it has to do with the obama record. >>trace: there is new fallout from the deadly u.s. consulate attack in benghazi. g.o.p. lawmakers say the administration shot down requests for help as the security situation in libya spun out-of-control. more on that. hey! did you know that honey nut cheerios has oa
he has to keep obama on defensive. you say 93 percent of the people say they will watch the debates. they written. most people will hear the one linears and the outtakes. they say they will watch, but they will listen to what the main treaty media has. >>guest: mitt romney will go on the defensive, but he does not like to be interrupted which we saw during the republican debates he gets wooden and all over the place. what is worse, though, after he is interrupted, when he starts or tries...
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the president does seem to be on the defensive about this. if you were back in the white house how would you respond about the criticisms the way benghazi was hand snld. >> nobody cares more about finding out exactly what happened and exactly what the security situation was in benghazi than the president does. we lost a remarkable public servant. we lost four americans in that awful terrorist attack. we owe it to the american people and their families to figure out what happened. i know that state department and the white house are reviewing this. thomas pickering as you know, a very respected leader in foreign policy, is heading an investigation to figure this out. nothing is more important. you know, the middle east as we know is a very, very dangerous place. and we have to keep our guard up even as we are engaged in that region of the world in bringing many of these new countries into really the democratic sphere. this is the first time they've been able to elect their leaders. i was heartened as many were to watch the demonstrations in li
the president does seem to be on the defensive about this. if you were back in the white house how would you respond about the criticisms the way benghazi was hand snld. >> nobody cares more about finding out exactly what happened and exactly what the security situation was in benghazi than the president does. we lost a remarkable public servant. we lost four americans in that awful terrorist attack. we owe it to the american people and their families to figure out what happened. i know...
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rich: it starts with a $55 billion in annual cuts that began the defense on january 2nd. there is a law that says if you have mass layoffs and you are a contractor you got to let your employees know 60 days ahead of time. what the white house has done is told contractors don't tell your workers you are going to lay the law. you don't have to give them these notices. if your workers sue you after they are laid off we may cover some of your legal costs. we spoke to a defense analyst who said if congress doesn't go ahead and avoid these $55 billion in annual cuts the defense layoffs will be gradual. >> what would be affective is the awarding of new contract or extension of contracts to exercise of contract options in months after sequestration. the key is the timing. it would not happen immediately january 2nd but in months and years that followed. >> republicans say this is all political from the white house. look at january 2nd and dial back 60 days and looking right before the election when all these notices might be going out telling workers in the defense field they may
rich: it starts with a $55 billion in annual cuts that began the defense on january 2nd. there is a law that says if you have mass layoffs and you are a contractor you got to let your employees know 60 days ahead of time. what the white house has done is told contractors don't tell your workers you are going to lay the law. you don't have to give them these notices. if your workers sue you after they are laid off we may cover some of your legal costs. we spoke to a defense analyst who said if...
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romney forced to play defense. number two, mitt romney versus mitt romney, oh, and president obama will be there, too. remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the washington examiner's reaction to that quote. worry about obama being too professor professorial to couch-sitting beer drinkers. the polls have him ahead and bill o'reilly is here to talk about the debate and how the media will spin it. all the names at the top of the hour. bill o'reilly. and talking to college student at university of michigan as part of the job creations solutions tour, and responded to the h
romney forced to play defense. number two, mitt romney versus mitt romney, oh, and president obama will be there, too. remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency...
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once in the organization and another plays defense. it is not the bears' defense. it is more the jets. you know what they are? they are on the punt pass. the season is over. >> two games left. >> there's a pup blast, a physically unable to perform list and microsoft is on the pup list. hewlett-packard is on there, dallas i.r. is there. >> are they career-ended injuries? >> come on, microsoft has a 3% dividend yield. >> sanchez just has to complete 3% of his passes. >> just keep going. >> i want to go with the man -- people didn't go for this. i'm going football metaphors. >> i thought it stayed on so i wasn't following. >>> let's talk american airlines. american airlines has temporarily grounded eight plans evaluated after seems became loose on two lanes in the last few dids. the investigators are the latest setback for america. they have been hurt in flight delays and cappslations causing travel agents to book flights with other airlines. of course, there a bitter dispute going on and a lot of the delays are pilot differentiated. americans lost could really be a g
once in the organization and another plays defense. it is not the bears' defense. it is more the jets. you know what they are? they are on the punt pass. the season is over. >> two games left. >> there's a pup blast, a physically unable to perform list and microsoft is on the pup list. hewlett-packard is on there, dallas i.r. is there. >> are they career-ended injuries? >> come on, microsoft has a 3% dividend yield. >> sanchez just has to complete 3% of his passes....
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, that a human element, we assume that everyone from folks in white house down to the department of defense, to did other of governmental agencies, they know what they are doing when it comes to e-mail, and how to deal with computer sim, we're finding out, they don't know, as much as they should, so everyone opportunity, -- every opportunity that hackers have to find someone they could infiltrate get them to open an e-mail and download a meleshous payload is all you need to prevent, and start an attack, and preventing it is difficult. neil: why are the chinese so blunt about it, in a thousand u.s. corporation, it is to say nothing of repeated government attacks, it is as if they set up shop at a starbucks, and doing it in broad daylight, and they are not even denying it you know, what do we do about that? >> chinese government has been open about the fact they hire young students, they train them to do hacking. they train them to go into the computer sim, and decide -- system and decide how u.s. and rest of the world does their cyber business, go in, get this information and take it f their
, that a human element, we assume that everyone from folks in white house down to the department of defense, to did other of governmental agencies, they know what they are doing when it comes to e-mail, and how to deal with computer sim, we're finding out, they don't know, as much as they should, so everyone opportunity, -- every opportunity that hackers have to find someone they could infiltrate get them to open an e-mail and download a meleshous payload is all you need to prevent, and start...
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is obama really going to be able to articulate a defense on fiscal policy. i haven't heard him give any speech where he seems to be in the weeds on this. >> i thought he was a tough campaign strategist. >> now, look, if he takes my advice, which he won't do. i would talk about the following. i have a bill that all kinds of economists say would create at least a million jobs, congress won't touch it. >> i think that we haven't answered the funnel eed the fun question that -- if romney gets into this pro business thing, are we going to have inflation like your venezuelan idea? >> i don't care much about venezuela, although it looks like what's his name is going to lose, chavez is going to lose. i do remember argentina having been down there several times in in the 1990s, you buy all these bonds, you have a triple digit inflation rate. lee munson, thanks. >> i'm a bull, it's okay to be a bull. >> all right, the kudlow caucus is staying throughout the area. here's what we're going to tackle up next, the north koreans now, they say we're planning to inthey would
is obama really going to be able to articulate a defense on fiscal policy. i haven't heard him give any speech where he seems to be in the weeds on this. >> i thought he was a tough campaign strategist. >> now, look, if he takes my advice, which he won't do. i would talk about the following. i have a bill that all kinds of economists say would create at least a million jobs, congress won't touch it. >> i think that we haven't answered the funnel eed the fun question that -- if...
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in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively, but politically we have no illusions that these are all easy. everybody's got their constituency they're going to support. so these are things -- we need leadership. we need people to say this is the right thing. evidence doesn't support continuing to spend money on the osprey which has a 6% effective rate in combat. we can't have our troops using equipment that doesn't work. let's stop paying for it. we can't give money to industries that are incredibly profitable. so let's stop just giving money to people who have land that used to be farmed. let's stop the programs we can no longer afford and don't pack a p
in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively,...
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brian belski, you don't consider your play a defensive play that you like right now. in the categories where you like the dividends, where do you like? consumer staples? where do you play it? industrials? >> we're overweight staples, industrials, tech and energy because those are the companies with great cash flow, great earnings consistency, oh, by the way, many of those companies are growing their dividends. it's a great kind of wrap-up it up into one party. >> the key is dividend growth. great to see you. that is first hour of "the closing bell." don't go
brian belski, you don't consider your play a defensive play that you like right now. in the categories where you like the dividends, where do you like? consumer staples? where do you play it? industrials? >> we're overweight staples, industrials, tech and energy because those are the companies with great cash flow, great earnings consistency, oh, by the way, many of those companies are growing their dividends. it's a great kind of wrap-up it up into one party. >> the key is dividend...
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being in your own driveway is no defense for drunk driving. so it
being in your own driveway is no defense for drunk driving. so it